Bill · H.R. 4589· House(119-HR-4589)
Port Crane Tax Credit Act of 2025
- Introduced
- 7/22/2025
- Last activity
- 7/22/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Mike Ezell
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
The bill, called the "Port Crane Tax Credit Act of 2025," aims to encourage the production of port cranes in the United States by creating two new tax credits. The first is an investment tax credit for port crane manufacturing facilities, and the second is a production tax credit for each port crane produced and sold. These credits are designed to make it more financially appealing to manufacture port cranes domestically.
Yes· 3 of 14
Would business owners be better off under this?+8
Direct financial benefits for business owners in the port crane manufacturing sector.
Is this likely to create jobs?+7
Investment and production credits incentivize the construction of domestic factories and hiring of workers.
Would union members be better off under this?+4
Manufacturing expansion often results in more unionized industrial labor opportunities.
The opposite
Does this raise the taxes companies pay?-3
The bill provides tax credits that reduce the overall corporate tax burden for eligible manufacturers.
Does this reduce what the federal government owes?-2
New tax credits reduce federal revenue, which could marginally increase the deficit.
Does this make the government pay for what it commits to?-1
Adds new tax expenditures to the federal budget.
Who it would affect, and how
Potential Positive Impacts for People
-
Section 2: Establishes a "port crane manufacturing facility investment credit" which is 25% of qualified investment. This could incentivize companies to build or expand port crane manufacturing facilities in the U.S., leading to potential job creation in those communities.
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Section 3: Creates a "port crane production credit," offering tax credits for each port crane produced in the U.S. and sold to an unrelated person. The credit is higher (60% of the sale price) if 90% of the component materials are also produced in the U.S., which could further encourage domestic sourcing and job creation in the component manufacturing industries.
Potential Negative Impacts for People
- There are no explicitly negative impacts for people mentioned in the provided sections of the bill.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+8Good For Union Workers+4Good For Low Income Households+3Good For Middle Class Households+3Good For Middle Aged+2Good For Rural Residents+2Good For Urban Residents+2Good For Young Adults+2
- Economy And Finance
- Increases Job Creation+7Improves Economic Growth+4Improves Small Business Support+3Reduces Small Business Taxes+2Increases Corporate Taxes-3Reduces National Debt-2Improves Fiscal Responsibility-1
- Environment Energy And Infrastructure
- Improves Rural Development+2
- Governance And Ideology
- Improves Interstate Commerce+2
- 8/1/2025
- 1 Cosponsor added.
- 7/22/2025
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
Jennifer KiggansRepublican · Virginia
Nicole MalliotakisRepublican · New York
David RouzerRepublican · North Carolina
Randy WeberRepublican · Texas